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Nita, when speaking to persuade the class that prayer in schools should be restored, argues, "The reason that there is so much crime nowadays is that we no longer have prayer in schools," you recognize thisfallacy as
Loanable Funds Effect
A theory that describes the market interaction between the demand for and supply of loanable funds, influencing interest rates.
Real Balances Effect
The impact of price level changes on the purchasing power of consumers' money holdings, influencing their spending and saving behavior.
Jean Baptiste Say
A French economist known for Say's Law, which suggests that supply creates its own demand in the economy.
Supply
The total amount of a specific good or service that is available to consumers in the market at a given time and price.
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